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    2729 Water Way Clio, CA 96106

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    Sponsored
    For Sale
    $1,000,000

    LAND - Clio, CA

    Lot size:
    139.00 Acres
    Days on Market:
    62
    Last Refresh:
    Mar 11 at 12:06 am

    Property Features for 2729 Water Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    R-20
    APN
    123-250-026
    Parking features
    Paved or Surfaced
    Lot size
    139.00 Acres

    Utilities

    Water front features
    Creek, Stream

    We can help!

    Listing Contact
    Ralph Wittick

    PEARSON REALTY (530) 832-4272

    Listing agent Ralph Wittick (530) 832-4272

    Listing date Jan 8, 2026

    MLS# 20250972

    Copyright © 2026 Plumas Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Forested Land with Income Potential

    This property features four contiguous forested parcels totaling 139 acres in Plumas County. AT&T leases space on the land for a non-electrified passive microwave reflector panel, paying annual rent to the owner until 10/31/41. The sum of rent due from AT&T for the period from 2025 to 2041 is $1,193,305. Each parcel is accessible by dirt roads and has mixed topography with seasonal ephemeral and year-round springs. Mohawk Creek runs year-round through one of the parcels. The eastern parcel includes flat pads and wooden decks previously used for RV campsites, supplied with non-potable water piped from a spring box to holding tanks. A shallow well could be installed for domestic water supply. The current owners use generators and solar panels for electrical power. Hiking and mountain bike trails are adjacent and accessible from Mohawk-Chapman road. The parcels are zoned R20 and offer northward views into Mohawk Valley and the northern mountains. The property has been used as a summer getaway for RV living with adjacent campsites. Access is via the Gold Lake Hwy off US89, then Mohawk-Chapman road and Water (Friendly) Way. Approximately 70% of the perimeter is bounded by US Forest Service land, which surveyed and staked its boundaries in 1992 and has recently been thinning the surrounding forest. This property offers high potential for developing special retreat facilities for organizations and public vacationers desiring restful relaxation, spiritual restoration, reconnection to the earth, and ample opportunities for healthful Peace and Quiet!
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Clio
    County
    Plumas
    State
    California
    Longitude
    -120.6001498
    Latitude
    39.7166361

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    FAQs

    What type of property is this?
    Land - 139 acres in Plumas County with income from AT&T.
    Where is this land located?
    The property is located at 2729 Water Way Clio, CA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Significant income potential from AT&T lease: $1,193,305 in rent payments from 2025 to 2041.; - 139 acres of contiguous forested parcels in Plumas County.; - Year-round water sources: Mohawk Creek and multiple springs.
    (530) 277-8138
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    2729 Water Way Clio, CA 96106
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2729 Water Way Clio, CA 96106
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    We can help!
    Listing Contact
    Ralph Wittick
    Real Estate License ID: 01257760
    (530) 277-8138 (530) 832-4272
    Learn more
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